Feb 18, 2021

AMEP is to Conduct an Effective Tax Rate Study

According to the 2017 Fraser Institute’s ranking of investment attractiveness, Mongolia’s tax regime was third amongst factors preventing investment after political stability and legal system. AMEP proposes to engage an expert to undertake an Effective Tax Rate study that is designed to model an optimal tax rate for growing the industry by taking current tax rates, royalties, depreciation allowances, country risk, ownership rules, and local costs into account. The study will contribute to a broader agenda led by the Government of Mongolia to foster growth and assist in economic recovery after the challenges of COVID 19. Such an undertaking signals to international investors Mongolia’s seriousness to increase its competitiveness.